Bill > A03658

This bill creates the New York State Public Sector Employee Loan Forgiveness Program, which aims to attract workers to public sector jobs by offering student loan assistance. The program will provide competitive awards to eligible graduates of SUNY (State University of New York) or CUNY (City University of New York) who are working full-time in state or local public sector positions that require their degree. To qualify, applicants must have graduated from SUNY or CUNY, be employed in a public sector job using their degree, have outstanding student loan debt from their educational institution, and be a New York state resident. The program will offer up to $5,000 per year for each eligible participant, with a maximum duration of ten years and a total award not exceeding the individual's remaining student loan balance. The corporation overseeing the program will determine specific rules and regulations for implementation, and is authorized to establish emergency regulations as needed. The bill is designed to incentivize skilled graduates to pursue public sector careers by providing meaningful financial support for their student loan debt.

Education

https://www.nysenate.gov/legislation/bills/2025/A3658